Landmark Investment - Long Lease to ASX-Listed Tenant
Auction Wednesday 3 April 2019 @ 11am River Room, Crown Casino, Melbourne
Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion Lease Term: Ten (10) years Lease Expiry: 31 March 2026 Options: 3 x Five (5) year terms extending to 31 March 2041 Outgoings: Payable by tenant as per the lease Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures
Prime main road position only 7kms from Hobart CBD Wide 67 metre frontage including high exposure to major, traffic light-controlled intersection Longstanding, successful car dealership, recently rebranded to Zooper (a thriving A.P. Eagers chain of 70 used car dealerships nationally) Modern showroom, offices and workshop with capacity for 130 motor vehicles Strategic inner Hobart catchment, with a residential population exceeding 46,000 within the City of Glenorchy Affordable investment opportunity offering excellent future growth and possible long term development prospects
